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Originally Posted by SFUVancouver
Instead, I would suggest that UBC should implement a Tax Incremental Finance (TIF) district on its non-academic development lands to service the bond it would float to pay for it's $150M to $200M share of what would likely be at least a $1.5B extension of SkyTrain from Arbutus to UBC. .
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I just have a problem with this....I cannot imagine how can anyone justify $1.5 billion to extend any rapid transit to service only students and a few staff. If UBC wants the extension, it should definitely contribute far more than the figure you quoted, and yes, all funding sources including academic funds. And they should also consider developing much of the campus to allow for more non-student and affordable housing, commercial and office buildings, and so on.
Why should taxpayers from other places spend that much money just so that students and university staff (who are few and paid extremely well compared to most workers) can have a quick, convenient access? This especially since length of the extension is essentially the same as Commercial to Arbutus. For that money (and subsequent operating costs), the school can build on campus housing for all its student and staff...
Quote:
Originally Posted by SFUVancouver
I am not surprised that Jordan Bateman and the anti-tax Canadian Taxpayers Federation were quick to call the Mayors' Council proposal "un-affordable".
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Jordan Bateman has one purpose in life....to whine and complain for every tax increase, regardless of what benefits it brings. Always whining, no solutions. I don't know why the media even pays attention to him, he is just another Donald Malcolm Johnson like clown with his own set of issues.